Mustard Seed Futures Closed Lower On Thursday

Mustard seed futures closed lower on Thursday due to unclear status of demand scenario from industrial buyers. Moreover, reports of timely rains relieve EU rapeseed crops after dry weather during sowing. The demand for mustard may pickup in physical market. The Oct’16 contract ended 0.40% down to settle at Rs. 4,689/quintal. The country's production of rapeseed, is expected to rise 6.3 mt, up 12.5 % from a year earlier.

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